A collection of best practice articles to help grow companies with an emphasis on finance. The goal of the blog is to explain how these best practices work, enabling anyone to put these ideas to immediate use. Articles are written by Matt H. Evans, CPA, CMA, CFM

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NOTE: Effective January 1, 2017, I will no longer post new articles since I am now fully retired.

Wednesday, August 24, 2016

One of the
most non-value-added activities within financial management is budgeting.
Budgets are prepared to allocate and control how resources will be used in the
future. Unfortunately, the future is hard to predict and upper-level management
doesn't always communicate with people who prepare budgets. Because of poor
communication, budgeting becomes an exercise in futility. Some of the problems
associated with budgeting include:

Sunday, August 7, 2016

According to
the Gartner Group, over 70% of the global 2000 companies now have at least one
gamified process. Gamification is a way of improving how you engage with
end-users. This typically takes place on some type of online platform – making
the experience more fun and rewarding for customers, employees, or business
partners. Many gamification applications will issue badges, points or some
other incentive for active participation. A simple example is to allow users to
vote thumbs up or thumbs down or Likes on Facebook.